The deal includes 95 per cent ownership, $18,000 in cash, an international reputation with clients in the US and UK, current company assets and a decade’s worth of business contacts. Mr Cohen will also stay on for one year to advise the new leader.

Mr Cohen said the move certainly “raised eyebrows” among accountants and staff at first, although they are now “wholeheartedly supportive”.

The new owner will get the opportunity to “restart” the company, which has been on sabbatical for a year after Mr Cohen took time out to focus on the birth of his daughter.

“The limited funds available will require an entrepreneurial approach, with shrewd financial planning, but this is much more than a ‘start up’ opportunity. It’s a restart, with the motor already running,” the website states.

Applications are now open, with the first step to tweet what #leadership means before filling out an application form and submitting a business plan.

A NOTE ABOUT RELEVANT ADVERTISING: We collect information about the content (including ads) you use across this site and use it to make both advertising and content more relevant to you on our network and other sites.